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Elon Musk officially owns no homes: Tesla CEO sells off lavish Silicon Valley estate for $30 million

The world’s second richest man has fulfilled his pledge to ‘own no home.’ 

Tesla and SpaceX CEO Elon Musk has sold his Silicon Valley estate for $30 million on Thursday, $7.5 million less than the original $37.5 million asking price that was first listed in June, according to records. He struggled to sell the home listing it three times before finding a buyer. 

Musk, who has a net worth of $151 billion, had previously shared that the 47-acre property south of San Francisco was his ‘last remaining house.’ 

The new owner of the Hillsborough, California mansion at 891 Crystal Springs Road has not been named publicly. 

The 16,000-square-foot estate features seven bedrooms, seven bathrooms, a music room, grand ballroom and a cocktail room with retractable library shelves.

Elon Musk sold his Silicon Valley estate for $30 million, the last of his seven California homes, and moved to Texas. This 109-year-old European style home sits on 47 acres of land south of San Francisco

The white seven bedroom and seven bathroom home is surrounded by beautiful greenery which can be enjoyed while strolling along the property's hiking trail

The white seven bedroom and seven bathroom home is surrounded by beautiful greenery which can be enjoyed while strolling along the property’s hiking trail

The century old home features stunning interior design with intricate moldings, mirrored walls, and marble designs

 The century old home features stunning interior design with intricate moldings, mirrored walls, and marble designs

A magnificent golden candelabra hangs in one of the many impressive rooms with large floor to ceiling windows

A magnificent golden candelabra hangs in one of the many impressive rooms with large floor to ceiling windows 

The all white kitchen features a long marble table, wooden pantry doors, and matching tiles

The all white kitchen features a long marble table, wooden pantry doors, and matching tiles 

‘The dining room and music room can now be combined into one space with a hydraulic lift wall that disappears when needed,’ according to one of the listings. 

Musk had previously said he wanted to sell it to a large family who will live in the home. ‘It’s a special place,’ he tweeted. 

Musk currently lives in a home he rents worth $50,000 in Boca Chica, Texas near his Space Exploration Technologies Corp. Starbase rocket manufacturing plant, where he moved last year.

‘My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though,’ Musk tweeted. 

Last year, the eccentric billionaire indicated that he planned to sell all his homes in a bizarre Twitter rant writing: ‘I am selling almost all physical possessions. Will own no home.’

Beautiful blue-green tiles cover the kitchen floor adding a pop of color to the pristine open room

 Beautiful blue-green tiles cover the kitchen floor adding a pop of color to the pristine open room 

The state of the art cooking area features a large island with white marble matching the table set next to it

The state of the art cooking area features a large island with white marble matching the table set next to it  

The second richest man in the world sold this 16,000-square-foot estate for $7.5 million less than the original $37.5 million

The second richest man in the world sold this 16,000-square-foot estate for $7.5 million less than the original $37.5 million 

 

He said he was doing it as a way to defuse criticism of his wealth, telling podcast host Joe Rogan last May: ‘I think possessions kinda weigh you down. And they’re kind of an attack vector. People say, ‘Hey, billionaire, you got all this stuff.’ ‘Well, now I don’t have the stuff — now what are you gonna do?” 

At the time, Musk owned seven houses in California- six being located in Los Angeles within walking distance of each other.  

He has since sold all of his residential properties for a whopping $144 million.  

His Silicon Valley estate, Guignécourt, is a 109-year-old European-style mansion with hiking trails and a reservoir on the property. 

It was built in 1912 by Count Christian de Guigné, a member of French nobility who moved to the Golden State after marrying a local Gold Rush heiress. 

Musk has since sold all of his residential properties for a whopping $144 million since he announced his plans to sell

Musk has since sold all of his residential properties for a whopping $144 million since he announced his plans to sell 

The aerial photo above marks the six homes Musk owned on adjacent streets in the upscale Bel Air neighborhood

The aerial photo above marks the six homes Musk owned on adjacent streets in the upscale Bel Air neighborhood

The beautiful property remained in the family for just over a century before being listed for $100 million in 2013- it was later reduced to $29.85 million three years later. 

Musk purchased the stunning property for an even lower price of $23.4 million in 2017 and primarily used the home as a rental space for events.

After announcing his plans to sell all his homes, Musk quickly listed two of his Bel Air mansions on the market. 

The home that overlooked the Bel Air Country Club, was purchased by Musk in 2012 for $17 million and listed for $30 million. 

The 16,251-square-foot mansion boasts six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court.

It also features a gym, pool, a wine cellar, fruit orchard and a five-car garage.

The second Bel Air home was listed for $9.5 million and was previously owned by the late Willy Wonka actor, Gene Wilder, who died in 2016.

Musk purchased the three-quarter-acre Bel Air home for $6.75 million in 2013 and turned it into a private school. 

It features five bedrooms, 4.5 bathrooms, an oval pool and a private guest cottage.

Musk paid $6.4 million for this white Colonial home in a Bel Air cul-de-sac on Somera Road next to his other properties

Musk paid $6.4 million for this white Colonial home in a Bel Air cul-de-sac on Somera Road next to his other properties

'Just one stipulation on sale: I own Gene Wilder's old house. It cannot be torn down or lose any its soul,' he Musk tweeted when selling this home on Chalon Road

‘Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul,’ he Musk tweeted when selling this home on Chalon Road

The Los Angeles home features five bedrooms, 4.5 bathrooms, an oval pool and a private guest cottage

The Los Angeles home features five bedrooms, 4.5 bathrooms, an oval pool and a private guest cottage 

This 16,251-squarefoot mansion features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court

This 16,251-squarefoot mansion features six bedrooms, 11 bathrooms, a two-story library, swimming pool, and a tennis court 

Musk also sold this Somera Road house for $4.4 million. It was built in the 1960s and has apparently not been renovated since

Musk also sold this Somera Road house for $4.4 million. It was built in the 1960s and has apparently not been renovated since 

In December, 2020 Musk sold four Bel Air homes for a combined $61.7 million, including this Somera Road property

In December, 2020 Musk sold four Bel Air homes for a combined $61.7 million, including this Somera Road property

He shared his one condition on selling the gorgeous property: ‘Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul.’

Musk bought two homes in 2015: a ranch house for $4.3 million and $20 million mansion.

A year later, he purchased a large, unfinished home for $24.25 million. All three homes sit on the same cul-de-sac.  

Musk is believed to be living in a 375-square-foot modular home made by the company Boxabl, according to the Musk fan blog Teslarati and the Houston Chronicle.

Though Musk has not confirmed the name of the company that made his home, a Boxabl unit appears to be visible on the site on Google Earth.

The company’s homes are tiny but stylish, set up like a studio apartment with an open plan living area, kitchen and bedroom, with an adjacent bathroom.

The properties are assembled from a folded box made of concrete panels and steel.

Teslarati reported that the model Musk, who is said to be worth $167.3 billion, is renting is a mass-produced 20 feet x 20 feet ‘foldable prefabricated home,’ named the Boxabl Casita.

Boxabl has not confirmed whether Musk is living in one of its homes but in November announced it had built a Casita for a ‘high-profile’ and ‘top secret’ customer in Boca Chica.

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